$BROCCOLI714
analysis with #Fibonacci๐๐ฐ๐
Currency Futures Chart Analysis:
๐Trend: ๐ Downtrend ๐
๐ข Entry Price: โก๏ธ Around 0.0315 (This area aligns with the 50% Fibonacci retracement level from a potential swing high around 0.03361 and a low around 0.02915)
โก๏ธ Targets:
๐ Target 1: ๐ฏ 0.02995 (This is the potential 0% Fibonacci level and previous low)
๐ Target 2: ๐ฏ 0.02861 (This level is below the 100% extension, suggesting further potential downside if the downtrend continues)
๐ Target 3: ๐ฏ 0.02523 (Another potential support level below the 100% extension)
๐ซธStop Loss: ๐ Around 0.0325 (This is above the potential entry and the 61.8% Fibonacci retracement level, acting as a buffer against a reversal)
Fibonacci Analysis Notes:
โกPotential resistance could be found around the 38.2% Fibonacci level (approximately 0.03085) and the 61.8% level (approximately 0.03191).
๐The 50% retracement level (around 0.03138) coincides with the suggested entry point.
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